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Mar 15, 2012
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it's a negleative for obama in e election. so it is a big deal. and even though saudi arabia increased production, we still have geopolitical risk with iraq. so price also stay high. >> okay. so you think it's definitely a concern. i want to shift gathers for a moment and talk a little bit about what we can did see in the markets yesterday. it looks like a little more risk appetite coming back on the table with the rotation out in the treasury market out of some of the safer haven asset classes like gold, for example. do you expect that trend to continue as well? >> we do. we do. the fact that the u.s. banks are in pretty good shape, actually really good shape, comparatively, hens that the u.s. economy is going to do well. we've seen growth -- growth in the u.s. so, yeah, we think the risk appetite will slowly start to increase as we go through time. >> europe as well. i know that you believe european stock valuations are cheap compared to the u.s. valuations and rate europe as a buy in terms of the equities at least. i guess that means you are pr
it's a negleative for obama in e election. so it is a big deal. and even though saudi arabia increased production, we still have geopolitical risk with iraq. so price also stay high. >> okay. so you think it's definitely a concern. i want to shift gathers for a moment and talk a little bit about what we can did see in the markets yesterday. it looks like a little more risk appetite coming back on the table with the rotation out in the treasury market out of some of the safer haven asset...
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Oct 23, 2012
10/12
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agreed with president obama on several key points. president obama on the other hand tried to sustain the momentum he achieved at last week's debate by staying on the attack against mitt romney, casting him as being all over the map, saying his own foreign policy has been working. it's probably true that the president scored more debating points, but there's a question about whether his tone was most effective where romney was trying to appear calm and smooth. one republican congressman told me afterwards that this is a debate in which both sides will tell you afterwards that they won and they'll both believe it. the polls over the next few days will tell us whether either one is right. after all, this was a debate about foreign policy in an election dominated by the economy. it's not clear this will move the needle at all. we'll find out in a few days. back to you. >> indeed well. that was john harwood. who do you think won the final debate? we've been collecting your views. nearly 30,000 votes show more than 60% believe president ob
agreed with president obama on several key points. president obama on the other hand tried to sustain the momentum he achieved at last week's debate by staying on the attack against mitt romney, casting him as being all over the map, saying his own foreign policy has been working. it's probably true that the president scored more debating points, but there's a question about whether his tone was most effective where romney was trying to appear calm and smooth. one republican congressman told me...
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Nov 26, 2012
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. >>> president obama even got in on the holiday shopping action. he visited an independent bookstore in virginia on small business saturday after resulting his list on his blackberry you can the president bought 15 children's books as gifts. >>> policy meeting gave markets more reason to expect monetary easing from the central bank. two of the newcomers said the boj should reinforce its commitment to policy easing by saying it will continue an ultra easy policy. he also said inflation has the potential to k3 seed 1% if tokyo and private sector efforts bear fruit. we've seen euro-yen near 7 1/2 month highs. same for dollar-yen, as well. what are the prospects for the yen to weaken further bearing in mind there must be a lot in the price. p. >> i do think we've seen a lot priced into the dollar-yen at the moment. it's really been on the rhetoric that's coming into the laekelec. this week he said, we saw some backtracking in the main and opposition party and weren't so aggressive when it came to easing. they said they let the central bank set their ow
. >>> president obama even got in on the holiday shopping action. he visited an independent bookstore in virginia on small business saturday after resulting his list on his blackberry you can the president bought 15 children's books as gifts. >>> policy meeting gave markets more reason to expect monetary easing from the central bank. two of the newcomers said the boj should reinforce its commitment to policy easing by saying it will continue an ultra easy policy. he also said...
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Nov 19, 2012
11/12
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barack obama praises myanmar's trip to democracy. and oil futures hit a two week high as international pressure mounts for a cease-fire in gaza. welcome back. just to keep you abreast with what's taking place at the moment in the uk, you have the uk prime minister david cameron speaking live at cbe conference. confederation of british industry. so he was just talking about how the government needs to be tough, radical and fast and he's continuing to lay out his thoughts there at this conference. we'll keep you up-to-date. tomorrow's euro group meeting is likely to be a tense affair. the imf looks to stick to its guns. christine lagarde told reuters that any financing program needs to be rooted in reality and not in wishful thinking. julia chatter sly is in athens. the chances of officials not green lighting further aid to greece, is it fair to say at the this stage that's very small? >> i think at the moment we have a situation where you have the imf really pushing for debt write down and on the other people wanting an enter rum solu
barack obama praises myanmar's trip to democracy. and oil futures hit a two week high as international pressure mounts for a cease-fire in gaza. welcome back. just to keep you abreast with what's taking place at the moment in the uk, you have the uk prime minister david cameron speaking live at cbe conference. confederation of british industry. so he was just talking about how the government needs to be tough, radical and fast and he's continuing to lay out his thoughts there at this...
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Oct 11, 2012
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so far customers favor obama by a 60/40 margin. it has correctly predicted the winner of the last three u.s. elections. i'd like to know if it's only been run in the last three elections. >> still not a huge sample size. meanwhile pizza hut is offering a lifetime, yes, a lifetime of fr free -- life time qualifying as 30 years to anyone who asks sausage or pepperoni in the debate. >> of course we've been having our own debate so whether you should -- they're offering whether free pizza a week for 30 years or or $15,600 in cash. >> is it one pizza is week? >> a large pizza. so you said you would take the cash. i say take the pizza because the cash works out on $10 a pizza. if you expect 2% inflation, that would equal out to $21,000 total after 30 years. >> you're assuming you take the $10,000 cash and just shove it in a zero percent bearing -- >> i'm assuming the price of the pizza increases 2% a year. >> why can't you put the cash into something that is also inflation -- >> you can put it? in something that will turn 2% a year? >> y
so far customers favor obama by a 60/40 margin. it has correctly predicted the winner of the last three u.s. elections. i'd like to know if it's only been run in the last three elections. >> still not a huge sample size. meanwhile pizza hut is offering a lifetime, yes, a lifetime of fr free -- life time qualifying as 30 years to anyone who asks sausage or pepperoni in the debate. >> of course we've been having our own debate so whether you should -- they're offering whether free...
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Oct 1, 2012
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swing states, they favor the obama. the debate starts wednesday at 8:00 p.m. eastern. >>> and if president obama is reelected, one of the first job may be to find a replacement for geithner. the wall street journal reports the white house chief of staff jack lew and former clinton chief of staff are two top candidates. both budget experts and could play a major role in the looming fiscal cliff. >>> nokia's into another big customer for its mapping software. the "wall street journal" says the company will unveil a deal with oracle today in san francisco. nokia also recently signed deals with groupon and amazon. nokia a got into the map business with it purchase and has been expanding the service. and back to the banks, shares in banco have been suspended. the bank has announced it will report record write downs of 9.3 billion euro this is year and have suspended its dividend this month. julia has more reaction to what they're saying. they'll launch the share increase by mid november. do you think they can avoid having to
swing states, they favor the obama. the debate starts wednesday at 8:00 p.m. eastern. >>> and if president obama is reelected, one of the first job may be to find a replacement for geithner. the wall street journal reports the white house chief of staff jack lew and former clinton chief of staff are two top candidates. both budget experts and could play a major role in the looming fiscal cliff. >>> nokia's into another big customer for its mapping software. the "wall...
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Apr 30, 2012
04/12
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i think with an obama re-election, we continue struggling with a 13 multiple. doesn't mean it won't go higher because earnings are still there. i think with a romney victory, we'll see a market that probably gives us a 16 or 17 multiple which will send us significantly higher. the real question is when will we see the rotation out of bonds. looking at that bond market should scare everybody that is sit manage fixed iing in fixed because right now you're sitting on all risk and no return. for hose coming outalmost a tal philosophies. >> jack will stay with us. we'll get more insight from him. for now over to ross. >> beyond anheuser-busch indefinite reported first quarter profits up 75%. revenues 4% better. strong beer sales in latin america. company benefitted from lower taxes and financing costs. the shares today nevertheless down 2%. dirk, it's interesting ing says although earnings per share were better, do you have to strip those out to get a reflection of what's really happening? >> growth of about 7% was slightly in line and probably in line with consensu
i think with an obama re-election, we continue struggling with a 13 multiple. doesn't mean it won't go higher because earnings are still there. i think with a romney victory, we'll see a market that probably gives us a 16 or 17 multiple which will send us significantly higher. the real question is when will we see the rotation out of bonds. looking at that bond market should scare everybody that is sit manage fixed iing in fixed because right now you're sitting on all risk and no return. for...
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Apr 10, 2012
04/12
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we have brazil in town visiting with obama and the discussion about countries will be compelled now to try to keep hair currencies low to boost their exports. so that would be what i'd want. >> absolutely. all right. thank you so much to margaret towel and also to kit jukes. it was a great show to have your insights. before we leave you, a programming note. stay tuned for the first interview with bubba watson fresh from his master's victory over the weekend. that's coming up at noon eastern on "power lunch." >> i did make the honest area call that phil mickelson was going to win. that wasn't too bad. if he hand found the stand, i would be all right. bell bubba is an amazing shot maker. he should brand market his drink. we'll say good-bye for "worldwide exchange." coming up next, "squawk box" with joe, becky and andrew. see you tomorrow. >>> let's play ball. alcoa set to throw out the first pitch of earnings season today. china challenges a bigger than expected trade surplus. plus finding out where it all went wrong. that's been bernanke's goal. but the fed care man is warning new risks
we have brazil in town visiting with obama and the discussion about countries will be compelled now to try to keep hair currencies low to boost their exports. so that would be what i'd want. >> absolutely. all right. thank you so much to margaret towel and also to kit jukes. it was a great show to have your insights. before we leave you, a programming note. stay tuned for the first interview with bubba watson fresh from his master's victory over the weekend. that's coming up at noon...
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Sep 25, 2012
09/12
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president obama is speaking at 10:00 a.m. he's also expectth expeed to ad tensions in iran before hopping back on the campaign trail. romney will also be speaking in new york. >> he's getting some criticism for his schedule in meetings. in any case, stick around because still to come, bowing out of investment banking. the future is looking bleak for rbs. >>> meredith whitney says banks have been behind the curve in terms of downsizing and employees are paying for it now. >> if you think about all the other industries that have gotten more competitive, more profitable, the banking sector and insurance sector have been laggards behind it and they employ a lot of people. so they'll see significant layoffs. interesting for goldman, they're cutting all of their highest paid people. so it's not a great time. i think the industry is as bad as i've seen it. >> so how bad is it going to get? joining us for more is bank equity research and european banking editor. welcome to you both. do you agree with meredith whitney, is it as bad as
president obama is speaking at 10:00 a.m. he's also expectth expeed to ad tensions in iran before hopping back on the campaign trail. romney will also be speaking in new york. >> he's getting some criticism for his schedule in meetings. in any case, stick around because still to come, bowing out of investment banking. the future is looking bleak for rbs. >>> meredith whitney says banks have been behind the curve in terms of downsizing and employees are paying for it now. >>...
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Oct 17, 2012
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and barack obama referred to him as a successful investor. i think that was a subtle dig by the president to an electorate that is feeling like the people on wall street are the big reason why we got ourselves into this mess in 2008 and beyond. i think most americans like businessmen but they don't like wall street and people who just make money by moving papers around. that's what i think the president was trying to portray mitt romney as someone in that category, not a real businessman. >> aaron, have you seen either candidate come up with a credible business economic plan? am i asking for too much to expect any details? >> i think you're asking too much. the president has had four years. he did inherit a mess. he's done a lot to get us out of that hole. but i don't know that he really has a plan to really grow the economy. and mitt romney is talking about lowering the tax base by 20%. he wasn't able to give you specifi specifics about how you're going to do that without blowing up the deficit. pick a number about where he's going to cap de
and barack obama referred to him as a successful investor. i think that was a subtle dig by the president to an electorate that is feeling like the people on wall street are the big reason why we got ourselves into this mess in 2008 and beyond. i think most americans like businessmen but they don't like wall street and people who just make money by moving papers around. that's what i think the president was trying to portray mitt romney as someone in that category, not a real businessman....
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Dec 10, 2012
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president obama and john boehner meet face-to-face on sunday. does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
president obama and john boehner meet face-to-face on sunday. does it mean we're any closer to the solution to the fiscal cliff? >>> a news conference by chairman ben bernanke, set for wednesday.
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Feb 29, 2012
02/12
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certain problem with the way the republican primary has been unfolding as they're facing off against obama even before they decide? >> exactly. that's how the republicans structured it. i'm not sure if they're not regretting that decision. you have romney who's ignored his competitors for much of the campaign season thus far and contactually talked about barack obama and now we see santorum doing the same. i think it's really interesting because of the supreme court case that allows super pac money sort of flooding the system, this is how we see ron paul and newt gingrich and rick santorum still alive where as in previous years they would have been gone a long time ago. >> super pacs make super candidates? >> exactly. any time you give a million dollar each week to see to your candidate stay in, it shows more promise. he's getting a few more million dollar. there are many people invested in keeping this race as ongoing as possible. if it weren't for the supreme court case, we wouldn't see this happening. >> unbelievable. this is very far from over. so thank you from your comments. christin
certain problem with the way the republican primary has been unfolding as they're facing off against obama even before they decide? >> exactly. that's how the republicans structured it. i'm not sure if they're not regretting that decision. you have romney who's ignored his competitors for much of the campaign season thus far and contactually talked about barack obama and now we see santorum doing the same. i think it's really interesting because of the supreme court case that allows super...
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Sep 6, 2012
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he made a strong defense of president obama's economic record. did he though go far enough to convince undecided americans to give the current commander in chief another four years on the job? we'll head down to charlotte, north carolina, for a view next. >>> welcome back to the program. as we get closer to the start of the u.s. trading session, let's see how futures are positioned. for the most part green arrows. dow jones set to start higher by 85 points. 19 for the nasdaq at 11 points for the s&p 500. now delegates at the dnc were up late last night officially nominating president obama to his second term just after midnight. the roll call came after former president bill clinton gave a stirring speech appealing to americans to stick with obama. he said many people don't yet feel things are improving but he proclaims we're coming back from the worst economic situation in generations. >> when we vote in this election we'll be deciding what kind of country we want to live in. if you want a winner take all, you're on your own society, you should
he made a strong defense of president obama's economic record. did he though go far enough to convince undecided americans to give the current commander in chief another four years on the job? we'll head down to charlotte, north carolina, for a view next. >>> welcome back to the program. as we get closer to the start of the u.s. trading session, let's see how futures are positioned. for the most part green arrows. dow jones set to start higher by 85 points. 19 for the nasdaq at 11...
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Sep 14, 2012
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into delivering a red line policy which clearly the obama administration is set against them. perhaps they're trying to influence any future romney administration. it's a dangerous policy for the israelis. it could fall flat in terms of sort of in a sense march the troops halfway up the hill and then having to march them back down again. >> david, good to on speak it to you. thanks for that. >>> a quick look at the agenda in asia. reserve bank of india meeting on monday. there may still be an outside chance of a rate cut. china is set to release august investment figures. meanwhile japanese and malaysian markets are closed for the holidays and it's respect the age day in japan. >>> meanwhile this morning in an exclusive interview with cnbc, trichet says the central bank's plan to save the eurozone should be subject to conditions. he's been speaking to our very own michelle caruso-cabrera, former anchor of this show. great to see you this morning. what kind of mood did you you find jean claude in particularly in regard to all the events that have happened since his departure? >
into delivering a red line policy which clearly the obama administration is set against them. perhaps they're trying to influence any future romney administration. it's a dangerous policy for the israelis. it could fall flat in terms of sort of in a sense march the troops halfway up the hill and then having to march them back down again. >> david, good to on speak it to you. thanks for that. >>> a quick look at the agenda in asia. reserve bank of india meeting on monday. there...
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Mar 7, 2012
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how is he going to bring the republicans together and be successful as perhaps barack obama was? >> well, think, you know, listen. when i talk to republicans and conservatives, look at the past two weeks. we've seen the president. we've seen a brand-new book, the president wants to get rid of all the bush tax cuts and raise taxes on everybody. i think the fear of that second obama term when he doesn't have to worry about second re-electi re-election, think that more than anything that mitt romney do is going to reunite republicans and conservativings to vote strongly in the poll and vote for whoever the republican is which is mitt romney, most likely or rick santorum. >> that's fine but i think democrats learned you can't win by attacking your opponent. you have to offer a positive vision for the future. so far mitt romney hasn't done that. he hasn't connected with the american people. he has not connected to core american values in the way that he's going to need to be able to communicate. >> i don't even know what that means. >> a positive vision going forward. >> listen. i'm n
how is he going to bring the republicans together and be successful as perhaps barack obama was? >> well, think, you know, listen. when i talk to republicans and conservatives, look at the past two weeks. we've seen the president. we've seen a brand-new book, the president wants to get rid of all the bush tax cuts and raise taxes on everybody. i think the fear of that second obama term when he doesn't have to worry about second re-electi re-election, think that more than anything that...
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Dec 4, 2012
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major retailers unexpected, but asking president obama for intervene. and it seems justin bieber may not know his banking history. the teen idol was asked to lead a ping-pong tournament and asked why does he get the room and not us, suggesting the pop star's unaware that jpmorgan actually deceased some time ago, a jpmorgan apologized for the confusion saying bieber is welcome to play ping-pong with us anytime. any way, on to japan. to japan now. qualcomm will be taking a stake in sharp. the story for us from tokyo. >> the deal will see the two uses sharp technology. sharp will receive $61 million from qualcomm by the end of this year which wou year, but the chip maker will also make additional investment the in the future if the partnership turns out to be successful p. the nikkei reporting the total amount of investment would be around $22 million which would give qualcomm a roughly 5% stake in sharp. sharp likely to post its second consecutive net loss for the year ending in march. it has lost three quarters of its market value this year due to massiv
major retailers unexpected, but asking president obama for intervene. and it seems justin bieber may not know his banking history. the teen idol was asked to lead a ping-pong tournament and asked why does he get the room and not us, suggesting the pop star's unaware that jpmorgan actually deceased some time ago, a jpmorgan apologized for the confusion saying bieber is welcome to play ping-pong with us anytime. any way, on to japan. to japan now. qualcomm will be taking a stake in sharp. the...
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Sep 10, 2012
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. >> romney also said that he liked parts of president obama's health care law so he says he'll keep some reforms such as making sure with pre-existing conditions can get coverage. >> meanwhile the man who lo the last election has warned that mitt romney's unfavorables with voters remain too high. speaking to ross at the forum on the shores of lake como, john mccain said he thought what might finally sway voters. >> well, i think that the few undecided, and it is a very small number, may when they go into the ballot booth or even in there, we have a number of people who didn't make up their minds until the last minute, will ask themselves not only am i better off than i was four yearsing a go, but do i believe i will be better off four years from thousand. and i think that will be the fundamental question. does give me some optimism, but i still think we'll be down to five or six states and up very late that night. >> it is extraordinary. we have an incoming presidented with an ultimate employment rate of over 8% and yet republicans aren't seeming to make much head way. that's quite
. >> romney also said that he liked parts of president obama's health care law so he says he'll keep some reforms such as making sure with pre-existing conditions can get coverage. >> meanwhile the man who lo the last election has warned that mitt romney's unfavorables with voters remain too high. speaking to ross at the forum on the shores of lake como, john mccain said he thought what might finally sway voters. >> well, i think that the few undecided, and it is a very small...
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Oct 24, 2012
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president barack obama. log on to cnbc.com for that. >>> also, major airports are now removing x-ray machines, deemed to be too invasive. keep up to speed on the new mini ipad and cnbc's live blog, could it be another winner for apple or not? will the price put people off? all on the website, cnbc.com. we'll take a short break. still to come, iran's warning that it will stop all exports if western sanction get any tighter. we'll be in tel aviv to hear exclusively what the israeli finance minister has to say about those sanctions. >>> a few companies, whirlpool, harley davidson, and ups bucked the trend in registered gains. what all those companies have in common? they did most of their business in america and have limited exposure to the likes of europe and china. so what we're asking today, is it time to buy america? you the e-mail us or tweet us. israel's finance minister said the current sanctions against iran are not sufficient to bring the country's nuclear ambitions under control. that comes amidst a n
president barack obama. log on to cnbc.com for that. >>> also, major airports are now removing x-ray machines, deemed to be too invasive. keep up to speed on the new mini ipad and cnbc's live blog, could it be another winner for apple or not? will the price put people off? all on the website, cnbc.com. we'll take a short break. still to come, iran's warning that it will stop all exports if western sanction get any tighter. we'll be in tel aviv to hear exclusively what the israeli...
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Dec 5, 2012
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today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
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Aug 29, 2012
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chris christie didn't mention barack obama by name, calling him president obama. why is that? republicans are saying barack obama is a good guy, a nice guy, you might have voted for him the last time around but he simply has not delivered. mitt romney has delivered everywhere he's been and he'll do so again once elected. >> it seems republicans -- it's an interesting point you raise. it seems to me, i don't know why they got vovd in personal stuff and brought the campaigning down to petty levels. surely the smart thing to do is campaign consistently on the economy and nothing else and take personality and everything out of it. >> i completely agree with you on that. actually paul ryan underscores that choice by republicans to raise the level of this election, raise the level of the campaign, have someone on the ticket who's a whiz on the budget, who knows the budget inside and out, paul ryan, and some pundits would say paul ryan is too serious. i disagree with that. we have two people on this ticket who knows what will it take to get america out of this slumpb. we've had 8% un
chris christie didn't mention barack obama by name, calling him president obama. why is that? republicans are saying barack obama is a good guy, a nice guy, you might have voted for him the last time around but he simply has not delivered. mitt romney has delivered everywhere he's been and he'll do so again once elected. >> it seems republicans -- it's an interesting point you raise. it seems to me, i don't know why they got vovd in personal stuff and brought the campaigning down to petty...
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Aug 31, 2012
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barack obama, joe biden and rahm emanuel will all take the stage. then after that, it's the start of the presidential debates, romney and obama squaring off on october 3rd in denver. vps are up next they go head-to-head in danville, kentucky on the 11th of october and followed by another presidential debate on the 16th in new york. and then a final turn on the floor for obama and romney on october the 22nd, in boca raton, florida. ahead of the general election on november 6th. still to come on today's program, how investors are going to react? will they be disappointed when they hear from ben bernanke? we'll be out to jackson hole right after this. at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> okay. we'll be out the jackson hole wyoming in a few min
barack obama, joe biden and rahm emanuel will all take the stage. then after that, it's the start of the presidential debates, romney and obama squaring off on october 3rd in denver. vps are up next they go head-to-head in danville, kentucky on the 11th of october and followed by another presidential debate on the 16th in new york. and then a final turn on the floor for obama and romney on october the 22nd, in boca raton, florida. ahead of the general election on november 6th. still to come on...
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Dec 6, 2012
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. >> john boehner and president obama speaking by phone, but no announcement of any upcoming face to face budget talks. earlier the president told the business round table that a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. and in an interview on cnbc, timothy geithner says the gop is making a little bit of practice, but the white house is absolutely ready to go over the cliff if tax rates on the top 2% don't rise. >> our obligation is first do no harl. we need to lift that threat over the economy. and now as part of that, we'd like to put in place as i said a carefully designed mix of reforms to put our fiscal balance in the path of sustainability. as long as there is recognition by the other side that those rates will go up, we think we can reach an agreement on the set of reforms as i said that will be good for the economy. >> republicans were quick to hit back. orrin hatch called them stunning and irresponsible, but there may be more cracks in the ranks. "washington post" reports some moderate an
. >> john boehner and president obama speaking by phone, but no announcement of any upcoming face to face budget talks. earlier the president told the business round table that a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. and in an interview on cnbc, timothy geithner says the gop is making a little bit of practice, but the white house is absolutely ready to go over the cliff if tax rates on the top 2%...
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Dec 7, 2012
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president obama and boehner spoke by phone on wednesday and promised to renew the negotiations. hurricane sandy expected to put a big dent in the u.s. jobs report out at 8:30 eastern. nonfarm payrolls are forecast to have risen just 80,000, versus 171,000 in october. it would be the smallest job growth in five months. sandy which truck strustruck at of october battered the east coast, but economists expect a snap back in december. unemployment forecast to hold steady at 7.9%. and besides the jobs report, other items on the agenda in the united states, two other pieces of economic data, the first is the read on december consumer sentiment, due out at 9:55 eastern. forecasts call for sentiment to slip to 82 this month down nearly three months from november. and at 3:00 p.m., we get october consumer credit. as far as futures right now ahead of that report, they are called for slightly downward start to u.s. programming. right now the dow is some 12 points below fair value. the nasdaq is currently gist over three points below fair value and s&p 500 about one point below. todd horowi
president obama and boehner spoke by phone on wednesday and promised to renew the negotiations. hurricane sandy expected to put a big dent in the u.s. jobs report out at 8:30 eastern. nonfarm payrolls are forecast to have risen just 80,000, versus 171,000 in october. it would be the smallest job growth in five months. sandy which truck strustruck at of october battered the east coast, but economists expect a snap back in december. unemployment forecast to hold steady at 7.9%. and besides the...
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Aug 20, 2012
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so with obama's approval rating at 48 the popular vote goes at 48. the market pricing in a romney victory. as long as that still remains a possibility the market has some support at thieves levels and will drift higher although volatility in through october as we get closer to the election. >> you would be hard pressed, michael, to fine an instance where politics matter that much to the market beyond again kind of the straightforward math on growth, on, you know, especially at a time we're talking about some stimulus versus austerity, look to europe and see quite quickly the implications from those politicians who were more supportive versus less supportive on measures to support the economy. >> this election is not about growth or anything else, it's about one's view of government. it will tell the story for years if not decades to come. if you're a big government person believing that the individual shouldn't be making decisions on their own vote for the current administration. if you believe in smaller government and more accountability, you know,
so with obama's approval rating at 48 the popular vote goes at 48. the market pricing in a romney victory. as long as that still remains a possibility the market has some support at thieves levels and will drift higher although volatility in through october as we get closer to the election. >> you would be hard pressed, michael, to fine an instance where politics matter that much to the market beyond again kind of the straightforward math on growth, on, you know, especially at a time...
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Dec 20, 2012
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president obama has threatened to veto the bill. the president says he's puzzled by what's holding up budget talkes and that house republicans should stop trying to score a point against him. >> take the deal. you know, they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package, that we will have stabilized it for ten years. that is a significant achievement for them. they should be proud of it. but they keep on finding ways to say no as opposed to finding ways to say yes. >> senate minority leader mitch mcconnell says he believes a deal could be reached by the end of the week. how much of an impact will the fiscal cliff have on businesses? cnbc caught up with martin sorrell and asked him what he's expecting coming 2013. >> it toughened up as we started the year. we started with a budget revenue of 4%. having done 4% in the first quarter, we were feeling relatively optimistic and we said it would be better than the 4%. from then on, it started
president obama has threatened to veto the bill. the president says he's puzzled by what's holding up budget talkes and that house republicans should stop trying to score a point against him. >> take the deal. you know, they will be able to claim that they have worked with me over the last two years to reduce the deficit more than any other deficit reduction package, that we will have stabilized it for ten years. that is a significant achievement for them. they should be proud of it. but...
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Aug 17, 2012
08/12
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as i say the obama plan is at least, does fulfill the basic prerequisites of a plans. there's some numbers and it's not completely mad. >> good to talk to you today. thank you for joining us today. >>> now our next story contains some images of a disturbing nature. more than 30 people have died after south african police opened fire on a crowd of striking warriors at lonmin's plant. following days of clashes between officers and protesters. in a statement the police said the action was in self-defense. lonmin shares today hit a nine year low. the company released a statement saying it is cooperating fully with authorities to help restore a safe and secure environment for its employees. production has seceased at the moment. >> the latest retail figures out of the u.s., find out which stores are defying the economic gloom. plenty more to come in the second hour of "worldwide exchange". it will be starting in just a few moments. ddd#1 >>> hello and welcome to today's edition of worldwide exchange." i'm ross westgate. these are your headlines from around the world. stocks
as i say the obama plan is at least, does fulfill the basic prerequisites of a plans. there's some numbers and it's not completely mad. >> good to talk to you today. thank you for joining us today. >>> now our next story contains some images of a disturbing nature. more than 30 people have died after south african police opened fire on a crowd of striking warriors at lonmin's plant. following days of clashes between officers and protesters. in a statement the police said the...
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Dec 21, 2012
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bush and the left, if you want to call it that, the center left in the united states, obama has given away more middle class entitlements, the unfunded medicare stuff, things like that. it's partly about the fiscal cliff. it's more about what you guys call the fiscal bliss. >> we're hoping some deal can be struck. it shouldn't be overlooked that what is happening is what is happening in the national conversation about just how much ground americans want to give. you know, how much they want a model so much of what you're talking about in europe. these issues can't be raised separate from talking about, for example, the deficit, separate from talking about the economy because they really all do come together. >> right. and i think that was understood in constructing the constraints in the fiscal cliff because everybody has to give up something. if we go over the cliff, right? so there's across the board sequestration in defense and all kind of things the right doesn't want, either. furthermore, the revenue side is quite heavy in the fiscal cliff. that's why we think in the end they're
bush and the left, if you want to call it that, the center left in the united states, obama has given away more middle class entitlements, the unfunded medicare stuff, things like that. it's partly about the fiscal cliff. it's more about what you guys call the fiscal bliss. >> we're hoping some deal can be struck. it shouldn't be overlooked that what is happening is what is happening in the national conversation about just how much ground americans want to give. you know, how much they...
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Sep 5, 2012
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one thing about the obama health care reform is limited insurers to price fairly. our entire proposition is around using vitality and incentive to make people healthier which is perfect in a health reform market. >> ceo of discovery holdings joining us from joh johan neces berg. >>> head down to charlotte, north carolina, where one former president, bill clinton, will stump for the current one, barack obama at the democratic national convention tonight. will he be able to swing undecided voters into the democrats' corner come election day? we'll ask john harwood next. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> welcome back to the program. there's lots of buzz this morning about a leaked report from the troika suggesting they might impose a six-d
one thing about the obama health care reform is limited insurers to price fairly. our entire proposition is around using vitality and incentive to make people healthier which is perfect in a health reform market. >> ceo of discovery holdings joining us from joh johan neces berg. >>> head down to charlotte, north carolina, where one former president, bill clinton, will stump for the current one, barack obama at the democratic national convention tonight. will he be able to swing...
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Jan 31, 2012
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president obama is winning independents by a margin of 50 to 36. this is doing long-term damage to the candidates' credibility. >> james, krystal talks about the money spent there. how about the fact he has a better organization helping as we go beyond this into march? >> well, that's tremendously important 0. once we get out of florida we're not going to be having all of these debates which newt gingrich has relied upon to help boost his popularity. now it will be about organization, about money. mitt romney spent a lot of money, he will raise more money. that's not going to be a problem for him. a month of an open field for mitt romney to run ads, spend money, win caucuses and states before you get to march. it will be very tough for newt gingrich to come back in march and retake the lead again. >> yeah, and even if he can hang on through february where there are this continued schedule of one-off primaries, and then to march and super tuesday and i don't think that gingrich has the organization to compete in more than one state at once so that's
president obama is winning independents by a margin of 50 to 36. this is doing long-term damage to the candidates' credibility. >> james, krystal talks about the money spent there. how about the fact he has a better organization helping as we go beyond this into march? >> well, that's tremendously important 0. once we get out of florida we're not going to be having all of these debates which newt gingrich has relied upon to help boost his popularity. now it will be about...
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Dec 12, 2012
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by a picture of him embracing first lady michelle obama. aside from the u.s. election, other major events this year included the summer olympics, the super bowl, and superstorm sandy. a tongue twister. celebrities also packed a punch for twitter user. justin bieber, of course, held the title of most re-tweeted before obama's. news of whitney houston's death in february generated more than ten million mentions. humbling. >> i think boris yeltsin at the opec got hit -- >> his tweets or pictures -- >> i'm not sure why he got caught in the zip wire. >> right. right. and him at the opening ceremonies dancing awkwardly. >> him -- him at the opening ceremony got a huge amount of response. >> as it should. we want to know what your favorite tweet, hash tag, or tui tweet, pic -- i hate myself for those terms. get in touch by e-mail, worldwide@cnbc.com. you can also tweet us, @cnbcwex. >>> ahead, north korea held a rocket launch but the international community is hardly impressed. we'll have reaction in a few minutes. >>> welcome back to "worldwide e
by a picture of him embracing first lady michelle obama. aside from the u.s. election, other major events this year included the summer olympics, the super bowl, and superstorm sandy. a tongue twister. celebrities also packed a punch for twitter user. justin bieber, of course, held the title of most re-tweeted before obama's. news of whitney houston's death in february generated more than ten million mentions. humbling. >> i think boris yeltsin at the opec got hit -- >> his tweets...
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Aug 27, 2012
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within striking distance of president obama. he has to get over that last couple of points. >> john, thank you very much. john harwood, cnbc chief washington correspondent there. let me bring you up to date from lonmin. we have been reporting in recent days about the sentences at one of lonmin's mines in south africa and platinum mine in south africa in which 44 people were killed. lonmin says that violence has been spreading to eastern operations as well. this is according to reports just in the past few moments. that violence is spreading to eastern provinces in south africa. also there has been a drop in the number of miners turning out network at that americana plant, mine where the initial violence took place. it's dropped to 13%. this is what lonmin told in the past few minutes. according to their statement 13% average attendance across all their shifts at work this morning. employees are waiting for it to be safe before they return to work out of some concern around the security situation at lonmin's plants. there have be
within striking distance of president obama. he has to get over that last couple of points. >> john, thank you very much. john harwood, cnbc chief washington correspondent there. let me bring you up to date from lonmin. we have been reporting in recent days about the sentences at one of lonmin's mines in south africa and platinum mine in south africa in which 44 people were killed. lonmin says that violence has been spreading to eastern operations as well. this is according to reports...
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May 22, 2012
05/12
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obama administration official says regulators will use the real life example of jpmorgan to help will shape the volcker rule. joining us on the line to cover this and more is richard bove. so this morning, you you put out a note last week after the jpmorgans losses came to light saying you stand by them, you think they have a strong management team and your price target of $58. are you standing by all that? >> well, we've lowered the price target because the market will take the multiple down on the stock simply because of a lack of the same degree of conviction about the company. however, this is clearly close to being the best bank in the united states. it's one of the best managements in the industry. you know, you have to remember that there are only five companies in the united states that made more money than jpmorgan last year. and also if the numbers that i look at are correct, the pretax income of jpmorgan last year was greater than the pretax income of any other bank in the world. so to assume that because they made one trading error that this company, which is staggeringly
obama administration official says regulators will use the real life example of jpmorgan to help will shape the volcker rule. joining us on the line to cover this and more is richard bove. so this morning, you you put out a note last week after the jpmorgans losses came to light saying you stand by them, you think they have a strong management team and your price target of $58. are you standing by all that? >> well, we've lowered the price target because the market will take the multiple...
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Dec 19, 2012
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and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues of concern to both sides. but i don't see any sweeping changes. >> what's interesting, frank, and you point this out, are comments we got out of china's commerce minister or commerce secretary suggesting concern about quantitative easing because it was lowering the value of the foreign reserves, the dollar reserves that china holds. so china's apparently looking to sort of diversify away from those reserves into more generating assets. but it's having difficulty doing so because the u.s., because a lot of nations have been reluctant to let them in. any sign that attitudes there may be starting to change, particularly in light of the candidate deal? >> yeah. i think the nexen deal was good for china. the prime minister made in t clear this is not the beginning of a new trend. he sai
and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues of concern to both sides. but i don't see any sweeping changes. >> what's interesting, frank, and you point this out, are comments we got out of china's commerce minister or commerce secretary suggesting concern about quantitative...
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Apr 26, 2012
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how do you think his chances ares as he comes up against obama? >> he's right where he wanted to be, a two-man race, he cleared the republican field. we know gingrich has now finally suspending his campaign. this is the great opportunity for him. he just went through a bruising republican primary season. there are a lot of questions about him, whether he's strong enough to represent the conservatives in a party. i think he's doing a good job of consolidating that support among all republicans. now he needs to reintroduce himself to more loosely attached voters. independents, swing voters, some democrats. and especially in the 10 to 12 state has we know are the real battleground states where these are voters who they haven't made up their mind yet. they could swing for the president, they could swing for a mitt romney. he needs to allow them to give him a chance to make his case, make this a two-man race and a choice between him and the president. i think he'll be financed enough to do it. we'll head in to the fall with a great race, i think. >> of
how do you think his chances ares as he comes up against obama? >> he's right where he wanted to be, a two-man race, he cleared the republican field. we know gingrich has now finally suspending his campaign. this is the great opportunity for him. he just went through a bruising republican primary season. there are a lot of questions about him, whether he's strong enough to represent the conservatives in a party. i think he's doing a good job of consolidating that support among all...
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Dec 13, 2012
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i think obama, president obama is going to offer them a grand plan sometime early in the first quarter. if they accept it, then prices will go lower. >> because of this revolution, how far do you think it's going to go? >> as of this risk, it's probably down to $1.99 a brand. >> and wti? >> with the pipelines coming on in the first half of 2013, wti is going to reconnect the global market. brent was 9$90, $95. it will only be something like $8 below that. >> that's interesting because that wide, wide gapt is implied perhaps by -- or that people have been playing at least and we've gotten close to $30. what you're saying is finally the infrastructure is in place so that wti isn't trapped in the u.s. any longer. >> maybe it's a structure starting up in january. you're going to see the pipeline expansion, january start up and then you're going to have other pipeline expanses, not just from curbing, but from midland, texas. they are debottlenecking. but by the second half of the year, we think wti will be back, discounted somewhat relative to world prices because it's inland relative to co
i think obama, president obama is going to offer them a grand plan sometime early in the first quarter. if they accept it, then prices will go lower. >> because of this revolution, how far do you think it's going to go? >> as of this risk, it's probably down to $1.99 a brand. >> and wti? >> with the pipelines coming on in the first half of 2013, wti is going to reconnect the global market. brent was 9$90, $95. it will only be something like $8 below that. >> that's...
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Aug 24, 2012
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president obama's words. >> they did. yeah. they built it themselves and, again, the stock market is one of the major ways they created their own wealth. >> how does that impact then their, the psychology in terms of what they then do with their investments. look, if what the average wealth -- $3 million you should feel pretty good about life if you got $3 million and your investments perform okay. >> so, i think if you look at the fact that these investors, their average age and what they've accumulated, they've been through different market conditions before, they've been through a variety of economic conditions so they recognize what they've gone through, you know, will pass. so they see this as a buying opportunity. they are willing to take on a bit more risk and they are very positive about what kind of outcomes will be create forward them. >> finally, what do they do with their advisors? how regularly do they change advisors. how do they view where they get their investment advice from? >> so, advisors play a really impor
president obama's words. >> they did. yeah. they built it themselves and, again, the stock market is one of the major ways they created their own wealth. >> how does that impact then their, the psychology in terms of what they then do with their investments. look, if what the average wealth -- $3 million you should feel pretty good about life if you got $3 million and your investments perform okay. >> so, i think if you look at the fact that these investors, their average age...
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Jul 23, 2012
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president barack obama met victims of a shooting spree that killed 12 people and wounded 58 others during a midnight showing of the movie "the batman rises." he addressed grieving families at the university of colorado hospital. >> although the perpetrator of this evil act has received a lot of attention over the last couple of days, that attention will fade away. at the end after he feels the full force of our justice system what will be remembered are the good people who were impacted by this tragedy. >> it is parliament's elective former finance chief as the country's new president. more now with hector in mumbai. people are saying this is a good move, they are receiving it well? >> reporter: well, you know, it's actually pretty much factored in terms of him becoming the president of india because there was so much support in terms of the most of the parties working for him beforehand. it was a formality yesterday in terms of him being the president for the country for the next five years. just to put things into perspective it's expected to be a strong move, actually, coming in, in te
president barack obama met victims of a shooting spree that killed 12 people and wounded 58 others during a midnight showing of the movie "the batman rises." he addressed grieving families at the university of colorado hospital. >> although the perpetrator of this evil act has received a lot of attention over the last couple of days, that attention will fade away. at the end after he feels the full force of our justice system what will be remembered are the good people who were...
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Feb 23, 2012
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year here in the united states and so i think we have to look at what the politicians are doing, the obama administration, some of the policies like the tax program that they just announced. and take them perhaps with a grain of salt in the sense that we've seen several years we haven't been growing as much as we'd like to be growing. are these policies sort of future fueled for the growth engine here in the united states or are they a short-term if fix to help win an election? >> well, of course everyone is using a term like cynical ploy because of the timing of it. i guess i'm not so worried about the cynicism of it. of course you expect that in a political election season, but i guess i'm heartened by what seems to be a shared sense that the u.s. corporate tax code needs to be more simple. it's a huge achilles heel right now. it's incredibly complex and, of course, lowering those rates is a good thing. >> we're going to have to leave it there for now. julia kirby will stay with us for the rest of the hour. ross, over to you. >>> thanks. good to have you on, julia. still to come, we'll h
year here in the united states and so i think we have to look at what the politicians are doing, the obama administration, some of the policies like the tax program that they just announced. and take them perhaps with a grain of salt in the sense that we've seen several years we haven't been growing as much as we'd like to be growing. are these policies sort of future fueled for the growth engine here in the united states or are they a short-term if fix to help win an election? >> well,...
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Jul 9, 2012
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. >>> president obama expect told call on congress today for one year extension of the bushera tax cuts for families making less than $250,000. white house official says the move could cushion the u.s. and have an impact on higher taxes. the bush cuts will expire january 1st. part of the so-called fiscal cliff that includes automatic spending cuts. the head of the international olympic committee is not loving it. he tells the "financial times" he's questioning whether fast food and soft drink companies like mcdonald's and coca-cola should be allowed to don't sponsor the games. his comments come amid the growing obesity problem. mcdonald's has sponsored the olympics for 30 years. >> my sense is tingling. must mean a lot of people went to the movies watching the web slinging hero, the amazing spiderman. the movie is a we boot of successful spiderman trilogy. it's made $140 million since opening last tuesday. $340 million worldwide although, becky, to be sure a little bit shy of the success of its predecessor. >> looks like a lot of fun being spiderman. >> does have andrew garfield. >> i'm
. >>> president obama expect told call on congress today for one year extension of the bushera tax cuts for families making less than $250,000. white house official says the move could cushion the u.s. and have an impact on higher taxes. the bush cuts will expire january 1st. part of the so-called fiscal cliff that includes automatic spending cuts. the head of the international olympic committee is not loving it. he tells the "financial times" he's questioning whether fast...
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Dec 11, 2012
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while he disagrees with president obama's call to raise taxes on top earners, quote, the negotiations require a good and take. still to me it sounds like a lot of the same. but we'll leave it there. they will be leading off every hour with a special mission critical rise above report talking to lawmakers pushing them as to why there is no deal to avoid the fiscal cliff and explain what's at stake. i think they may be chasing people down the halls to some extent. >> to be a fly on the wall. >> i guess it's more. we will hear becky personally. >> becky will remind us what's going on today. a pen fee of them will go october trade sales. the like day for earning, that's due before the opening sales. >> always a good read. >>> protests in egypt's tahrir square turns to violence this morning with nine reportedly injured from an unknown gunman. we'll have the latest from cairo when we come back. >>> you are watching "worldwide exchange." these are your headlines. talks on the cliff seem to be advancing as the gop is ready to negotiate. >>> berlusconi sets up the rhetoric on monti. and hsbc s
while he disagrees with president obama's call to raise taxes on top earners, quote, the negotiations require a good and take. still to me it sounds like a lot of the same. but we'll leave it there. they will be leading off every hour with a special mission critical rise above report talking to lawmakers pushing them as to why there is no deal to avoid the fiscal cliff and explain what's at stake. i think they may be chasing people down the halls to some extent. >> to be a fly on the...
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Aug 1, 2012
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president obama reiterated his call for decisive action to end the eurozone crisis after a phone call with monti about economic headwind. a finnish newspaper, italian prime minister said italy may need a breathing break from high rates in the future. speaking ahead of a meeting with his finnish counterpart, monti suggests europe does not need special aid right now, saying frustrating reforms taken on far are not reflected in market rate. >>> bundesbank stirred up the pot, controversial comments. in an internal interview recorded on june 29th. they said the german central bank has a bigger say at ecb and they would defend their position with everything they are. the bundesbank told cnbc the monetary strictly policy should focus on hitting resistance. robin is with us as well. it's worth pointing out, this is the thing, right, kelly, these comments, june 29th he said these things but the fact is, bundesbank has more say than any central bank. he must believe that even though he said it four weeks ago. >> i don't think it's any secret of this news. >> everyone believes it but no one says
president obama reiterated his call for decisive action to end the eurozone crisis after a phone call with monti about economic headwind. a finnish newspaper, italian prime minister said italy may need a breathing break from high rates in the future. speaking ahead of a meeting with his finnish counterpart, monti suggests europe does not need special aid right now, saying frustrating reforms taken on far are not reflected in market rate. >>> bundesbank stirred up the pot, controversial...
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Jan 30, 2012
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we saw a down tick, obviously an important issue for president obama. is there enough data points in the market, and do you feel you're seeing enough to anticipate this number could tick down or are we going to tread water where we are? >> jackie, this is 2012. there's an election in november. you're going to see some nice numbers coming out of the u.s. government all year long because mr. obama likes his job and wants to keep it. you've got to understand this happens every four years. they fake the numbers all the time, but especially in election years. i don't know if you noticed mr. bernanke last week said he's going to change the way inflation numbers are reported so that they look better. i mean, this is 2012. there's nothing new. you are going to see better inflation numbers reported because they changed the method again. you are going to see all sorts of wonderful improvements in 2012. >> jim, we have some e-mails to get through. joseph in canada is asking you, i agree wholeheartedly with your expectations longer term. what do you think of the u.
we saw a down tick, obviously an important issue for president obama. is there enough data points in the market, and do you feel you're seeing enough to anticipate this number could tick down or are we going to tread water where we are? >> jackie, this is 2012. there's an election in november. you're going to see some nice numbers coming out of the u.s. government all year long because mr. obama likes his job and wants to keep it. you've got to understand this happens every four years....
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at the same time if we do see a down tick, if we see it go to 8%, say, is that a boost for obama in terms of his numbers? >> absolutely. >> yeah. and, again, when you're looking at how we calculate it, a lot is a decrease in the rate is by people leaving the workforce not by jobs created. so, again, but people don't look at that. and when he goes to the polls and to the election, the lower the unemployment rate is, the better it is. now historically speaking no president has ever been re-elected with an 8% unemployment rate or higher so it's key to get it below 8%. >> excellent point. gentlemen, thank you so much for joining us on the program this morning. we do appreciate your time. the president and ceo of the rdm financial group and lance roberts ceo and chief economist at street talk advise issors. and that just about wraps it up on "worldwide exchange" for us today. i'm jackie deangelis in the united states. >> and i'm ross westgate in europe. up next "squawk box" and the markets state side. we'll leave you with a shot of where trade is here in europe putting equities right now. >>>
at the same time if we do see a down tick, if we see it go to 8%, say, is that a boost for obama in terms of his numbers? >> absolutely. >> yeah. and, again, when you're looking at how we calculate it, a lot is a decrease in the rate is by people leaving the workforce not by jobs created. so, again, but people don't look at that. and when he goes to the polls and to the election, the lower the unemployment rate is, the better it is. now historically speaking no president has ever...
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a new nbc news/wall street journal survey finds president obama is still leading mitt romney despite economic pessimism. we'll talk about it. it's wednesday, july 26, 2012 and "squawk" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with
a new nbc news/wall street journal survey finds president obama is still leading mitt romney despite economic pessimism. we'll talk about it. it's wednesday, july 26, 2012 and "squawk" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with